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Ok, so your friend/parent/uncle/random man in the street approaches you and is interested in backing you for poker.
You'll obviously sort out some kind of agreement maybe something like: Borrow for for 6months or 50% return - whichever comes sooner. Borrow untill returned original + 25% on his investment. However your decision is this, your bankroll is $5k and if you continue you'll prob make around $100 000 this year. The problem is, when do you take this "guys" stake? Do you: 1) Accept it now, let it take you from NL$100 instantly to NL$200 and NL$400 increasing your hourly wage immediately and means you'll be at NL$1000 alot sooner(Then when you go alone you make alot more cash for yourself as you'll be playing NL$500 and 1k etc) Or 2) Continue on your own BR now, make your $100 000 goal this year then accept it further down the line where the investor(Who you want to continue to have a good business relationship with) will get faster returns but means you'll be giving up alot more interms of $$$$. Appreciate any comments or if you've been staked yourself, any downfalls which i may overlook? PM if you wanna keep it quiet. |
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